Early review of Winland Metal Copper, Aluminum, Zinc, Lead, Tin and Nickel on March 3
Winland Metal's copper price: The decline in the US dollar boosted the bulk commodity market. Copper rebounded from a low overnight and closed up by more than 2.7%. Copper concentrate processing fees are still declining, and the supply may tighten for a long time. Today, copper materials have risen sharply.
Winland Metal's aluminum price: Global vaccines and economic recovery are expected to be optimistic. Lun's aluminum closed up nearly 4.9% overnight. The domestic electrolytic aluminum production reduction disturbance constitutes a positive structure, and the supply of aluminum ingots is limited. The current aluminum is expected to surge today.
Winland Metal's zinc price: The market's expectation of economic recovery strengthened. Zinc surged overnight and closed up 2.13%. The continuous decline in smelting costs restricted the output of zinc ingots, and the domestic downstream has completely resumed work. Zinc is expected to rise today.
Winland Metal Lead Price: The PMI data of the US manufacturing industry in February improved. The LME lead oscillated overnight and closed up 0.6%. The market risk appetite rose. The recovery of overseas demand is good for lead prices. Lead ingots are limited. Lead may rise today.
Winland Metal's tin price: Longs entered the market when the US dollar fell, and international metals rose overnight. Lunxi stopped falling and recovered and closed up 3.54%; Shanghai tin was revised up, and some downstream merchants bought bargain-hunting. Spot tin is expected to rise today.
Winland Metal's nickel price: the dollar fell, and the nickel price fluctuated overnight and closed up 0.54%; downstream companies resumed work after the holiday, nickel sulfate prices rose sharply, nickel market demand rebounded, and there is still support on the cost side. Nickel is expected to rise today.